Physical Inventories

Physical inventories – hard copy lists mailed to departments by Equipment Inventory, based in a schedule, for tracking inventorial assets. 

Equipment Use

Use - When applied to material and property, use is engaging the asset or material into the business process for value.

Maintenance

Maintenance - The upkeep of property or equipment to preserve from failure and decline.  

Consumption

Consumption - The measurement of actual use of consumable items to the planned use (budget to actual).

Movement and Storage

Movement - Relocation from one area to another.

Customs and Export Control Laws

Customs - What to expect when traveling out of the country with University owned and/or personal equipment (as carry-on or checked baggage), it is important to be prepared to document the original purchase upon returning to the United States to avoid having to pay. 

Export Control Laws - U.S. federal government laws and regulations that require federal agency approval before the export of controlled items, commodities, technology, software or information to restricted foreign countries, persons and entities (including universities).